Costa Rica: Credit Card Balance Up 15%

In April 2016 the balance of the credit card debt was $1.688 billion, 15% more than in the same period in 2015.

Wednesday, August 17, 2016

From a statement issued by the Ministry of Economy, Trade and Industry:

The study with a cut off date of April 30 determined that the balance of debt is 908.149 million colones ($1.688 billion) (3.02% of GDP), which represents an increase of 1.27% compared to the previous study (January), while the yoy increase was 15.4%. 

In comparison with the previous year, the number of credit cards increased by 14.6% making a total of 2,229,011. However, compared to January 2016, there was a decrease of 1.05%, which means that 23,682 plastic cards ceased to circulate. 


See full study. (In Spanish)

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